Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
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Market Based Salary Increase Budget
Coefficient of Determination
Benchmark Job
Cost of Living
Works Council
Lead Pay Structure Policy
Cost of Labor
Percentile
Lump Sum Merit
Benchmarking
Total Rewards
Salary Range
Promotional Increase
Merit Increase
Mix
Pay Equity
Defined Contribution Plans
Compensable Factors
Quartile
Long-Term Incentive Plan
Job Family
Broadbanding
Shift Differentials
Geographic Differential
Standard Error of Estimate
Annual Incentive
Sales Compensation
Mode
Market Index
FICA
Median
Consumer Price Index (CPI)
General Salary Increase
Salary Structure Change
Midpoint Progression
Step Rates
Turnover
Gender Pay Gap
Black-Scholes Model Z
Restricted Stock
Range Penetration
Lead-Lag Pay Structure Policy
Standard Deviation
Individual Retirement Account (IRA)
Demotion
Minimum Wage
Range
Linear Regression
Pay Range Overlap
Green Circle Rate
Bonus
Mean
Internal Equity
Range Spread
Pay Grade
Compa-Ratio
Lag the Market
Foreign Earned Income Exclusion
Salary Grade
Hours of Work
Stock Option Incentive
Job Evaluation
Red Circle Rate
Defined Benefit Plans
Market Pricing
Year of Service
Aging Survey Data
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Common Compensation Terms and Formulas - January 2026
Find commonly used compensation terms and formulas for your reference when planning compensation.
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About Us
ERI SalaryExpert was launched in 2000 by ERI Economic Research Institute to help organizations and individuals optimize salary planning. Our robust compensation management solution houses the global salary survey data and applications needed to design competitive and effective compensation structures. From benchmarking with reliable market data to analyzing geographic differentials and conducting pay equity analyses, our intelligent platform is an innovative way of merging integral salary survey data with efficient features, all in one system.
Learn More
Featured White Paper
Common Compensation Terms and Formulas - January 2026
Find commonly used compensation terms and formulas for your reference when planning compensation.
Ready to Streamline Your Compensation Strategy with Us?
Discover how our Assessor Platform can help you attract top talent, stay on top of market trends, and set your organization up for success, all in one platform.
Try a Free Demo
About Us
ERI SalaryExpert was launched in 2000 by ERI Economic Research Institute to help organizations and individuals optimize salary planning. Our robust compensation management solution houses the global salary survey data and applications needed to design competitive and effective compensation structures. From benchmarking with reliable market data to analyzing geographic differentials and conducting pay equity analyses, our intelligent platform is an innovative way of merging integral salary survey data with efficient features, all in one system.
Learn More